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Cardinal Health ($CAH) Stock Split History

Cardinal Health stock has experienced a total of 9 stock splits in its history. The most recent stock split took place on April 23rd, 2001. As a result of these stock splits, one Cardinal Health share purchased prior to September 9th, 1987, would now be equivalent to holding 10 Cardinal Health shares today.

Cardinal Health ($CAH) Stock Split History Graph and Chart

Cardinal Health ($CAH) Stock Split Dates

Date Ratio
09/09/198811 for 10
10/02/19895 for 4
10/01/19905 for 4
10/01/19915 for 4
07/01/19945 for 4
12/17/19963 for 2
11/02/19983 for 2
04/23/20013 for 2
09/09/198711 for 10

FAQs (Frequently Asked Questions)

How Does a Cardinal Health Share Split Work?

A Cardinal Health stock split is no different than any other stock split. Cardinal Health is simply packaging the number of outstanding shares in a different way. For example, in a 2-for-1 split, the amount of shares will double (and the price will be divided by 2, accordingly). Say you have 100 shares of Cardinal Health, then the day of the split you will receive 2 shares for every 1 share you hold in your brokerage account, meaning you will receive 200 shares on the stock split date. However, the price of the stock will reflect this change and your holding of Cardinal Health (in terms of value) will remain practically the same.

Benefits of a Cardinal Health Stock Split?

A stock split does not change the fundamental value of a company. Meaning a Cardinal Health stock split will not make the business more valuable. However, there is a psychological benefit in that the share price will be lower after the split, making shares seem more accessible to everyone and thus temporarily increasing demand and ramping up share prices. To further explore stock splits, please refer to Investopedia.

Buying Before or After a $CAH Stock Split?

While this is not financial advice and we have not run any thorough studies on the matter, general consensus is that price tends to go up after the announcement of a stock split and before the stock split itself happens.

Will Cardinal Health Stock Split?

Unfortunately, we do not know. There might be rumors of a Cardinal Health stock split, but the truth is that until the board proposes a shares split to its shareholders, it's all just noise.

How Does a Stock Split Affect $CAH Options?

A stock split affects options the same way it affect shares. In the case of a 2-for-1, the strike price of all the options chain post-split will be divided by 2 automatically. So if you're holding CALLs or PUTs, the strike price of the $CAH option will be automatically changed on the day of the split. Also, the number of shares will double. So if you have a CALL in a 2-for-1, after split you will have 2 calls to control 200 shares, and the strike price of those two CALLs would be halved.

Cardinal Health Shares Split Results in Fractional Shares

Not all shares splits are even. Some splits, like a 3-for-2 can result in shareholders owning fractional shares. In these cases it's best to contact your broker, to be clear on how they will handle the $CAH shares split.